Digital Lending

Digital Lending

CITRA Financial Pvt Ltd. offers short-term personal loan products to young working professionals. We aim to be a strong partner for our customers for all needs of their financial life. Via the mobile-enabled technology platform, PHOCKET, we offer both easy and convenient access to all our loan products. Our services are fully digital and available to customers 24/7 with instant quick loan decisions and pay-outs. We aim to build a long-lasting relationship with our customers and continuously help them to meet their financial needs on demand. PHOCKET provides immediate short-term personal loans to young professionals based on their mobile data, social profile, merit and earning potential. Launched in 2019, PHOCKET provides almost instantaneous loans on-demand. Its user-friendly digital interface enables faster loan application and quicker loan disbursals. PHOCKET is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is under 12 minutes, subject to proper submission of all documents.

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Why Our Customers Prefer Us?


  • 10 Minutes Loan Disbursal
  • AI Based Credit Logic
  • Totally Digital
  • Easy Documentation
  • Transparent Charges
  • Multiple Loan Options


Shop Now & Pay later - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on Phocket App on loan, purchase on Phocket's partner platforms Flipkart & Amazon and pay later in EMIs.

  • Loan amount ranging from INR 5,000 to 2 Lakhs
  • Tenure - 60 days to 1 year
  • Flexible interest payment
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Our Supporting Partners

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Eligibility

  • Loans available to salaried professionals only.
  • Should have a minimum net take home salary of Rs. 12,000.
  • Bank statement should reflect monthly salary credit.
  • Documents uploaded should be legible and marching with the information given in the app.
  • Bureau Credit Score.

Documents Required

  • Address Proof (Aadhar, Passport, Driving License, Voter Id, etc)
  • PAN Card
  • Last 2 Months Bank Statement
  • Latest Salary Slip





Available Cities

  • Delhi and NCR
  • Bangalore (Bengaluru)
  • Mumbai
  • Gurgaon
  • Noida
  • Greater Noida
  • Faridabad
  • Ghaziabad
  • Jaipur
  • Ahmedabad
  • Chennai
  • Pune

 

  • Chennai
  • Pune
  • Hyderabad
  • Indore
  • Ambala
  • Chandigarh
  • Vadodara
  • Kochi
  • Visakhapatnam
  • Mangalore
  • Lucknow

Key Highlights and Features

  • Amount ranges between ₹ 5,000 & ₹ 2,00,000
  • Annualised interest rate of 15% onwards.
  • Loan Tenure ranges from 62 days - 365 days
  • Flexible Repayment EMI(s)
  • Instant Approval and Disbursement
  • No Collaterals, Fully Automated and Paperless
  • Easy Online Process, Fast and Reliable services
  • 100% Transparency and No Hidden Charges
  • Instant cash transfer in the provided bank account
  • No Prepayment Charges
  • Multiple Repayment Options - UPI, Direct Bank Transfer, Paytm, PhonePe

Approval Process

  • Instant Online Personal Loan Approvals happen instantly
  • For first time users (new customers), an applicant needs to e-sign the loan agreement and give auto-debit authorization via net banking e-mandate. Once these formalities are completed, the disbursement happens the same day
  • Loan amount will be transferred directly to the provided bank account of the applicant

Data Security & Privacy

  • All the data is transmitted using secure HTTPS protocol
  • All the transactions are secured via SSL encryption
  • Implemented Multi-Level Authentication and Authorization to make the app Ultra Secure
  • Got our App audited from a top Security and Audit Company
  • Do not archive/store customer data for rejected applications


Achivements

  • Moment of Fame at the Nasdaq Tower at New York's Time Square for successful disbursement of 2,500 loans.
  • Shortlisted to represent India as an exhibitor at the Singapore Fintech Festival 2018 - the World's largest event for the fintech community.
  • Covered by Yourstory (http://bit.ly/2W59z30)
  • Adjudged Startup of the Year at YMCA MOB Business Summit and GBM 2018
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